The following inventorv cecocds are for Clarkson Company Using the perpetiall Lfo method, what h the lhwentory bolance after the lonuary 23 sale, and the Cost of Goods 50 ld for the month of Jaminy? Mitche Ghoice Thventody Eatance \$1,050,Cost of Goods SGd 5500 therthay flukne 5550 . Cog ot Goods Sold 51000 Multiple Choice Inventory Balance $1,050; Cost of Goods Sold $500 Inventory Balance $550; Cost of Goods Sold $1,000 Inventory Balance $1,000; Cost of Goods Sold $550 Inventory Balance $500; Cost of Goods Sold $1,050